LiveRBI Announces Rs 50K Cr Lifeline for Mutual Funds
To ease liquidity pressures on mutual funds, Reserve Bank of India today announced a special liquidity facility of Rs 50,000 crore for mutual funds. Indian...
Category : ECONOMY
RBI Cuts Reverse Repo by 25 bps to 3.75%
The Reserve Bank of India (RBI) cut the reverse repo rate by 25 basis points to 3.75 per cent even as it kept the repo...
FM Welcomes RBI Moves to Help NBFCs, Firms Borrow Cheap
Finance Minister Nirmala Sitharaman on Friday welcomed the Reserve Bank of India’s (RBI’s) steps aimed at helping companies and individuals borrow at cheaper rates,...
RBI Says Banks to Not Give Dividends
On Friday, the Reserve Bank of India (RBI) has asked scheduled commercial banks and co-operative banks not to make any dividends for the financial...
US Gives $5.9 Million Health Assistance to India
The State Department said that the US has gives $5.9 million health assistance to India to contain the spread of COVID-19. The amount is...
Rupee Falls to New All-Time Low Against US Dollar
Today, the US dollar and weak domestic equity markets pushed Indian rupee to record lows against the greenback. After opening at 76.74, the rupee fell...
Rupee Remains Under Pressure Against US Dollar
Indian rupee against the US dollar amid a sharp decline in domestic equity markets. The rupee fell to 76.43 at day’s low after opening at...
Gold Prices Surge to Record High, Silver Rates Jump
Gold prices hits a record high in futures markets on Monday amid higher global rates though physical buying remained suspended in domestic markets due to...
COVID-19: ADB Offers $2.2 Billion Package to India
The Asian Development Bank (ADB) on Friday assured India of $2.2 billion assistance in its fight against the COVID-19 outbreak, after a telephonic conversation between...
COVID-19 Hangs Over Future Like A Spectre, Says RBI
The Reserve Bank of India (RBI) said on Thursday that the coronavirus pandemic ‘hangs over the future, like a spectre’, and the lockdowns will impact...